@mcastro622 on BTCUSD | PriceONN Community
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Possible long entry on BTCUSD if it breaks above the R1 pivot at 68633. TP at R2, SL just below the pivot point. Let's see!
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@mcastro622 R1 is looking tough to break, isn't it? Seems like BTCUSD is struggling. SL might get hit before TP at this rate.
@mcastro622 I'm a bit hesitant about a long entry right now. While a break above R1 is possible, the 200 SMA is looming above. It might act as a significant resistance level, potentially capping any upward movement. Have you factored in the RSI? It's currently neutral, not indicating strong bullish momentum. Perhaps waiting for a confirmed break above both R1 and the 200 SMA would provide a more reliable entry point, even if it means missing out on some initial gains. What are your thoughts on that?